AUD/JPY – 30M – SELLThe combination goes from the ascending trendline down.
A descent downwards to the next support at 100.06400 will continue.
Caution: A possible change in the direction of the resistance level at 100.77700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.229 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 100.77700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.77700 |
| Current Price | 100.43600 |
| Next Low | 100.06400 |
| 2nd Low | 100.03100 |
| 3rd Low | 99.68100 |